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will be heading out to washington as the capital prepares for the inauguration of president barack obama. but will he spend the next four years at the mercy of republicans? we'll explore that. plus, we'll assess if israel could be medicining for a right coalition as benjamin netanyahu says he is prepared to work with the naturalist home. and we'll take a look at travel chaos across the continent as snow and freezing conditions cause plenty of disruption in the air and on the road. now, germany's social democrats are celebrating a stunning victory in lower saxony secured with the victory of just one seat. support for angela merkel's christian democrats fell by 657 percentage points, but the chance ler herself continues to ride high on opinion polls. for more on what all of this means, silvia wadhwa is here to join us on set. good morning to you. i guess, is this -- this is being presented as a blow to angela merkel or at least to her party. but given there's just a one-seat differential in the outcome, is that too strong? >> yes, it is. i think that there are two trends here. one trend is
to president obama as the marines carried those flag-draped caskets off the plane at andrews. . . i put my arms around the mothers and fathers. did we really learn anything new about the death of four brave americans? that's what continues to trouble me. the "kudlow report" begins right now. >>> all right, inside this bullish stock market, two major earnings reports after the bell tonight. first, netflix hugely surprised on the upside sending the stock soaring. and then apple profits beat, but revenues came in light and so did guidance leading to a 10% or $52 drop in the stock. wow. the extended stock market rally continued today. take a look at the gains on the major averages year-to-date. dow up 5.2% already. s&p up 4.8%. i have to believe this massive 16-month stock market rally. it goes all the way back to the fall of 2011. . . along with the u.s. energy revolution, aring if to help us this year on the economy. let's bring in our ace investors, david goldman, former head of income grout at bank of america and michael farr, author of "restoring our american dream, the best investment. abigai
time. i rather like it. let's build on it. can it pass the house? or will president obama step all over it in his speech tomorrow? now, get ready, folks, a pro-growth budget cutting across the board sequester spending cut is coming in nine days. don't listen to the big government spenders. we need budget cuts to grow the economy, shrink government and create confidence that we are not greece. and, oh, heck, my friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even
obama. from the death threat to the nation's economic recovery, the issues that matter most to your money. here now tyler mathisen and john harbaugh. >> good morning, everybody, and welcome to cnbc's coverage of the second inauguration of barack obama. the 57th inaugural of an american president. between a half a million and 800,000 people are estimated to attend today's festivities. most of them not very close to the capitol where the swearing in will take place. that's roughly a third of the number who attended president obama's first inauguration four years ago. once again welcome, everybody. i'm tyler mathisen joined by cnbc's chief washington correspondent john harwood. great to be with you on this day of history. >> welcome to d.c. >> good to see you. the oath of office will take place in about 50 minutes, but today, of course, is all about the ceremony. you probably know this already, yesterday chief justice john roberts officially administered the oath in a small, private ceremony in the blue room at the white house as per the constitution. >> this morning the president and
. they want him to take the lead when it comes to reform. >> you heard president obama yesterday. i dare say he does not want spending caughts and i dare say he would be happy to see in reverses in government spending. so that does not jive with what the house is doing. >> that is a fair point. some critics say inside of the house conference there is a real fight. they want to take these bold stances on the ten year balanced budget so they can get some leverage to fund the government when it comes up for a vote in a couple of week. >> no, i think they are doing the lord's work. thank you very much. we have a couple of special guests to tell us more. democrat from vermont, shawn duffy, republican from wisconsin. to both of you gentlemen friends of this show i wish you a happy new year. mr. boehner attached a bublg et to this. >> there are no specific cuts. where in medicare or the pentagon are they going to cut? they have to specify that before you can have a serious conversation. i don't think members of congress should be playing with fiscal fire which is what we are doing when we use a tac
that looks better than you might think. and then on the political front, president obama's recess appointment to the nlrb declared unconstitutional. and louisiana governor bobby jindal calls republicans the stupid party. how about that? and then there is an unconfirmed scandal. i say unconfirmed. did senator bob menendez sleep with underaged dominican prostitutes? this is "the kudlow report" and we begin right now. >> all right. first up, our most optimistic story tonight, stock continue their bull run, the s&p 500 and dow closing in on their all-time highs from october 2007. brian shactman joins us now with all the details. good evening, brian and good work today. >> you touched on the s&p details having its best streak in terms of winning streaks days in a row in eight years but how about the dow. we're now 105 points shy of 14,000. eight components hit new highs today. beyond the five on your screen, utx, pfizer and p & g also doing it. now, speaking of history, historically life is good, larry, as you well know when the dow transports show leadership, up another 3% for the week. apple use
inflation a target and fed style open-ended qe starting next year. >>> president obama lays out a liberal position for his second term during his inaugural address. >>> and brewing giant sab miller reports a growth in third revenue quarter after china's growi coldest winter in 28 years sees an increase in lagger. >>> ross westgate is in davos. in the meantime, big news out overnight, this one for global markets. the bank of japan delivered what markets had been banking on with a joint commitment to double its inflation target to 2%. it says it will buy $145 billion of assets each month starting in 2014 with no set deadline to finish the purchases. all that said, the yen is strengthening this morninfor mot be disappointed, let's get straight out tore kaori enjoji. we're seeing again in markets a little disappointment. did the boj not fully deliver here? >> i don't think so. i don't think that's the right interpretation at all. i think this was an exercise in showing that the government and the bank of japan, the central bank are on the same page. they certainly delivered that. i think the
. the markets hit five-year highs. is it too late to get? >>> plus, what barack obama has done right and wrong over the last four years. >>> plus, food for thought. the ceo who says oba. >>> and know when to hold them and when to fold them. the importance of keeping a poker face for women in the business world. "on the money" begins right now. >>> here's a look at what's making news as we head into a new week "on the money." the stealth market rally keeps powering forward, and the major indices are at or near five-year highs. the markets have been powered by so much money ones sidelines, new money coming into the market at the beginning of the year as well as encouraging economic news and just a lack of bad news when it comes to earnings. stocks kept on climbing on friday. lots of earnings news for lots of big financial companies this week. goldman sachs passed expectations, as did morgan stanley, while citi fell well short. jpmorgan chase beat expectations, but cut chairman jamie dimon's compensation in half because of the so-called london whale trade. retail sales were up more than expected
. [ticking] >> in 2010, president obama canceled nasa's plan to replace the space shuttle in favor of a more modest program. and then congress slashed the funding for that. with the end of an era, 60 minutes wondered what would happen to the generation that put america in space. when the smoke cleared from the last space shuttle launch, we stayed behind in brevard county, florida, the home of the kennedy space center. what comes after reaching for the stars? as scott pelley reported in april 2012, for many in brevard county, the answer was a hard landing. >> all three engines up and burning. >> there was nothing like it in the world. >> and liftoff. the final liftoff of atlantis. >> arguably the greatest engineering achievement of man. at liftoff, it weighed 4 1/2 million pounds, its top speed 17,000 miles an hour. >> the space shuttle spreads its wings one final time for the start of a sentimental journey into history. >> it was built by the hands of people like lou hanna. >> it was the experience and the job of a lifetime. i was working on the pad one day with a friend of mine, and he's a
the republicans, the other side the democrats. and i must say, post-election, president obama has become more election. it's wider. and they don't agree about military spending. they don't agree about what taxation should be, on and on and on. gun control. they don't agree. and on the other hand, you know, we have this sort of slow economy that makes it more difficult to cut a deal. and i should add to that a constitutional crisis, in a way, because this whole debt ceiling has been a weapon that the house of representatives has used to gain power. it's not just the republicans versus the democrats. it's the house versus the president. >> meanwhile, these markets are on fire. another good week for the market. the s&p 500 hitting a new five-year high. what is driving stocks? and do you think it's sustainable for the year? some of the risk has been pulled out of the of the market. so the most recent is three months. some of the ris ks. and maybe just that the election isn't determined. maybe some are happy. some are, some aren't. but it's solved. markets don't like uncertainty. so even though it
liesman. well, you're not part of the obama administration. >> well, you've had different views on that before. >> all right. go ahead, andrew. >> in the meantime, we have a disrupter here, one of our favorite squawk disrupters to talk about what's going on here and specifically -- i should say who is here. by the way, are you warm or not? >> i am cold. it is very cold in davos. >>, he is not wearing a coat. and you have some predictions about what's going on here about social media. there are so many disrupteres and pioneers and i get the sense that maybe you're not going to make some friends with all these views that you have on facebook and all of these businesses. >> i think facebook businesses are good businesses, but whether they're worth $60 billion? i don't know. >> why? >> the thing that's emerging in online gaming, there's such a thing as a passing parade. silicone valley investors understand that it's low friction to become a gaming player, but it's low friction off. so the stickiness is not there. and now i think it's ae merging that the stick skiness
president obama did in that standoff, which is why president obama is trying to take yes for an answer accept this and count on the fact that even though it is only until mid may that the same prak sis will be followed once they get beyond mid may. that a question. we will have to see whether republicans will willing to do that. >> 10 if i'm hearing you right, john, is that using the debt ceiling as kind of hostage in budget negotiations, democrats feel that they won on that and that this is not going to come back again? >> yes and the ultimate sort of dooms day threat from washington, which is we are going to have a default or either a default on debt or selective payment of federal government obligations, appears to be melting away and that puts us back in the more conventional political back and forth about budgets and the automatic cuts. sequester. that gets us back to where we were in the 1980s. it is more of a norm of a political process. if we can stay there, that's good news for this president because it reduces a threat to the economy and of course good news to people working
's colder in new york. >> president obama made his entire speech about global warming, and the next day it was 10 degrees. anyway, that's neither here nor there. you go ahead. >> good news is it is warmer inside than it is outside. >> it's exactly -- exactly 23 degrees here, by the way. >> that's a heat wave. >> a quick lay of the land of what's going on here. 2,-600 politicians, business people, media all over the world coming here, converging here. today's just the beginning. by the way, we have a big show today lined up. but also throughout the week. you'll be seeing lord blankfine on "squawk," ray dalio, your good friend, sean parker, coming here. we'll have a party. we can talk about that. he just had a child, by the way. we have a lot to do in davos. there's already news being made this morning, and that's coming from an old "squawk" friend, jamie dimon, who was on a panel this morning talking about regulation, banking, and transparency. and he made some people upset this morning with this comment. take a listen to it. >> businesses can be opaque, they're complex. you don't know h
thanks to states trying to figure out ways to expand medicare under obama care. and guess who is going to get stuck paying for it at the end of the day? our heated debate on this touchy issue is next. >> later, leaner and meaner. with federal spending cuts in the offing, our jane wells runs through defense company earnings that are on deck. don't miss it. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you.
of those. restaurant is one of those sectors. i think from obama care to the cost of cattle, to the fact that consumers are seeing less in their paychecks, especially in the crashual dining sector, that's one to watch. >> what are you thinking at this point? we still have mark, don't we? >> yes, you do, michelle and happy to weigh in. hate to sound like the consensus, but i think the fact of the matter is even putting aside the fed's manipulation of the interest rate curve the economic fundamentals continue to show dose ent outcomes. in fact, we're projecting that they will continue to improve over the course of 2013, so from a sector perspective, while i would agree with the other guests in terms of the pressure being put on consumer wallets, other sectors like technology that we think is going tonight benfector of a release by pent-up demand by business spending which has been paralyzed by the prospects of the fiscal cliff. >> can you name specific names that you like? >> sure. within the text space company by the name of qualcomm, obviously a play on the smartphones and the expansion
and seems to be laying down the gauntlet for the next fight with president obama so we look forward to some very high-profile interviews coming up. >> and guess what our stock of the day is, yeah, you guessed it. it's apple. that stock is down nearly 11%, nearly 12% right now. first gets worse for the iconic company. overdone, a little overexaggerated, all this selling and how much of this has to do with the loss of steve jobs? >> we'll keep an eye on that for you. keep an eye on the major averages. here's how we stand. the dow was up about 100 points at that peak there. then we started to move lower, and you started to get sweaty palms among bulls. what does this mean? if we close lower, that might not be good. started coming back and now a gain of 44 points. another one of those days where any positive close is another five-year high for the trials going back to the fall of 2010. we're at 13,823. the nasdaq though is going the other direction. blame apple which is 13% of the nasdaq these days. it's down 24 points, the nasdaq is at 3129, and the s&p is up. nope, now it is lower. we're down
. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and the company says the turn around in europe is under way. but t
to president obama. this was pretty interesting on friday. his nlrb recess appointments ruled unconstitutional and also puts cord ray, the cpcf -- >> consumer protection board. >> anything that either agency does now could be challenged. >> for 300 different rulings that they've made at this point? >> and how much is twitter really worth? another key investor is stepping in that story. they're stepping in something. and check out the s&p 500 index having its best january since 1997. we'll be right back. and who is going to host the u.s. open in 2020? >> it's a secret. i'm not going to gist away. >> it was out like nine hours ago. anyway, we'll talk about that, too. ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ starting at $37,800. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this th
to get in or not. sue, down to you. >> thanks, guyes. president obama will nominate mary joe white to lead securities and exchange commission. he will do that later today. ms. white has broad experience, prosecuting white collar crimes. she was u.s. attorney in new york's southern district for a decade and she prosecuted the terrorist in the first world trade center attack in 1993. "street signs" will have that announcement coming up live in the next hour. ty? >> all right, sue. we are starting a brand new segment on "power lunch" today. we will go market to market across the country to see what for sale. what's tempting, like this big one here. and how far your money will go. well talk with real real estate brokers on the ground. well tell you where that house is, what it is going for, and we will show you it, later on "power lunch." ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> welcome back to "power lunch." i'm bertha coombs and we have a lot of retailers looking good. bed bath and b
governor of missouri. pleasure to have you with us. >> thank you. >> and you penned a letter to the obama administration, asking them essentially to let japan's new ruling party know that the u.s. will retaliate for poll sills that are aimed at weakening the yen. what does retaliation mean in your view? >> well, i think there are a number of things that they could do. there's talk of efforts they could take, similar efforts they could take in the global currency market. really, i think, the first step is to recognize that this is a serious problem that effects american manufacturers and american workers. certainly effects auto workers and auto producers in our country. and let the japanese know that it's not acceptable. as you all pointed out, the united states is not the only country that's concerned about this. other nations are talking about the impact of this devaluing of the yen. and they are doing so really to sustain a model that doesn't work anymore. america's auto manufacturers are on a tremendous come back and they are profitable, producing great product, expanding and growing,
friend that you mentioned when obama was visit elected avar. it is find of traded in a range between 25 and 35. it goes down and back up again. >> yes, and what is interesting it, it has had a spotty earnings record. it has had that up and down pattern. i liked the company but i did not help people by recommending it. down here, i don't know. you would have to have conviction that the earnings can be very good. i expect 2013 to be full of m and a action. that is something that the defense sector could be concentrating on. without a pea ovtakeover, the ss very, very cheap. >>> it is time for the lightening round. i want to start with eric. >> rh, what do you think about that? >> people don't like this stock and i do. i want to own it. it is something i want to buy more. let's go to jim in florida, jim. >> dr. cramer i presume. >> anyhow, i got a problem now disease and suddenly the stock has tripled in big volume. parkinson's a bad disease. you want to buy buy buy. ross in new york. >> i wanted to know your thoughts about this stock i invested in. >> k2 interactive. >> come on, man. i do
've ever wanted to do and ink helps us do it. make your mark with ink from ch >>> president obama expected to announce the nomination of mary jo white to lead securities and exchange commission, according to a white house official. white previously served a as u.s. attorney for the certain district of new york, the first woman to hold the position, developing an expertise in financial fraud and securities crimes as well as a reputation as a tenacious prosecutor. she is currently on the other side of the courtroom as a white collar defense lawyer. the announcement is slated for later today during a ceremony in a state dining room. we will have complete coverage of the event for you here on cnbc. >>> the house passing debt limit legislation yesterday with that so-called no budget, no pay provision. now the spot slight on senate democrats to make a move on the debt ceiling. joining us this morning, senator bob casey, a democrat of pennsylvania, vice chairman of the joint economic committee. senator, good morning to you. >> good morning. good to be with you. >> so the house says no budget, no
reform? >> i think reform is something for mexico to consider. as president obama was told few weeks ago, mexico is not helping the u.s. how to do it. comprehensive immigration reform will have to address the issues that need mexico's collaboration, to having a temporary worker's program that will allow appear orderly travel of workers. we need to be an agreement with mexico. we'll support immigration reform in the u.s. we understand it's a u.s. issue and with respect to the u.s. will decide and our position is to make things to be helpful. >> and the final question here, as we see money coming into the country and the activity picking up in mexico, it's certainly a hot spot in the orlando. what industry specifically are driving that growth? >> well, manufacturing is the main source of our competitiveness. as opposed the companies in latin america. we have a quite sophisticated manufacturing base. it's our space, it's the auto industry in all its component and we're quite competitive and we will continue to be quite competitive. >> minister, it is good to have you on the program the. >>
on in the health care space, wellcare looking to buy, and health stocks getting a lift from the obama care. so gains across the board in health care. >> thanks, courtny. >>> shares of microsoft are slumping, the last trade on microsoft, let's look at the chart, down about a third of a percent to 27.15. that's well off of the lows of the day. this after david faber reported that the company was in negotiations to invest between 1 billion and $3 billion in a buyout of dell, in the form of mezzanine financing. dell had a run up on david's reporting last week. it's still up better than 2%, almost 2.5% now at $13.15. to the nasdaq, where the focus is on tech. we have the big movers there this week with seema mody. >> research in motion shares are rallying, trading at $17.50. within social media facebook shares are outperforming. a lot of positive commentary out of a couple of analysts. topega capital saying we tested the graph search for facebook. other tech movers we're watching, google getting set to report earnings tonight. apple on tap for tomorrow, trading flat at the moment, and amgen reporti
that this was a campaign commercial for president obama, a payback. did you anticipate that criticism? >> just to rectify the record here. i paid back the loans and 19.7% interest. i don't think that i committed to do a commercial on top of that. i thought that the republicans' reactions to this was unnecessary and out of place. >> that's very restrained from you--for you. >> it is. i'm on camera. [laughs] you put me here. you turn these things off, i'll give you my own assessment. this is the old boardroom of fiat. >> marchionne splits his time between the fiat headquarters in turin, italy, and chrysler headquarters in auburn hills, michigan, but he is fully engaged on both continents at all times. i mean, when you're here, do you get calls? do you have to deal with fiat? >> yeah. that's why i get up at 3:30 in the morning, so i can deal with the european side and be fine here by the time i get in. i mean, the other thing that helps is the--our time zones. >> when do you go to sleep? >> 10:00. i'm not really a late night guy. i used to be when i was younger. >> besides being ceo of chrysler group and fi
. >> what about president obama? >> my attitude about the president, we need more facts and analysis and clan rage. we don't need scapegoating and fingerpointing. >> will you get it? >> i think people get exhausted eventually of scapegoating and fingerpointing. not helping our economy grow. want jobs, fix the problems. good policy will help create jobs. >> what policies will create jobs? that's what we're all trying to figure out. how do you create jobs? >> i think i've been fairly consistent that if we had done the grand bargain, doesn't have to be exactly the one that anyone wants, that showed that americans can make decisions, that set a more effective tax system, that reduced taxes going forward, we could have a booming environment. now, i may be wrong. that's my own personal belief. if we have a grand bargain, america would take off. it's important for america to get strong because the rest of the world needs us, to you know, because europe still has its issues and it will for a couple of years, so i think it's important that america kind of take the lead here, and i'm hoping ou
. these guys really strongly dislike each other. remember watching obama and romney on the campaign trail and in the debates? these guys really couldn't stand each other. that was the palpable feeling at times. i think we heard that over the phone today. the rhetoric speaks for itself. >> mandy just pulled an irish exit. puff of smoke. boom. she is hosting closing bell. let's finalize it with this. what is the next step? is it over between these guys? what is going to happen here? >> i think they've had their say for today. i wouldn't be surprised if some sort of words resurface weeks from now. i think the herbalife saga will go on. ackman will certainly continue to make his feelings public and eiicahn can't resist a jab. >> he was talking about herbalife being short, difficult to borrow. i got an e-mail from a prominent hedge fund manager. he said it is wrong. it is easy to borrow herbalife shares right now and the cost to carry is not that bad. so was icahn wrong on the short? one hedge fund manager says perhaps he was. >> meaning ackman wrong? >> no. icahn was wrong on the short talkin
're not going to be competitive? >> please join me in welcoming our 44th president to peoria. >> president obama visited caterpillar to promote the stimulus package. but jim owens said that even with the stimulus, he may have to lay off more workers before seeing a turnaround. and he told us any gain from domestic spending may not be enough if "buy american" triggers a global trade war. what happens if all these countries that sell steel to us-- china, russia, brazil-- say, "okay, well, we're just not going to buy caterpillar products; we're not going to take in john deere products; we're not going to take in g.e. products"? >> the only trade war that's going on is being waged on us. and when you don't hold people accountable for playing by the rules they agreed to, that have access to your market, you're basically saying anything goes. that's garbage. that's baloney. and the american people won't stand for it. >> the "buy american" provision in the 2009 economic stimulus package requires the use of american-made steel unless that violates u.s. trade agreements. so steel from canada and europe c
. in january of 2011, president obama signed into law the shark conservation act. it outlaws shark finning by requiring that all sharks caught in u.s. waters be landed with their fins attached. [ticking] coming up... >> this place is the nerve center of a global fishing industry. >> it's sort of like a wall street of fish. >> yeah, yeah, it is. it is. there's no futures market, no derivatives, but other than that, it's like the wall street of fish. >> the king of sushi when 60 minutes on cnbc returns. [ male announcer ] clay matthews is turning the nfl upside-down. turn your world upside down with gillette fusion proglide because you can shave against the grain with comfort with our thinnest blades. our most comfortable shave or twice your money back. gillette, the best a man can get. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sp
followers, only a shade than the entire population of his native canada. in comparison, barack obama has 26 million followers and the pope's got 1.4 million. >> what does that tell you about society, about where we're headed? >> pathetic. >> as a planet. you get out there -- you get out there on the twitterverse, wham. >> not for me. >> 25 million, right off the bat. you'll be in bieber category. >> by the way -- guy tweeted me today that he was excited that new kids on the block are going back on tour. >> and what's the problem with that? >> nkotb. >> jerk. >> hanging tough, new kids. >>> coming up next -- getting america off foreign oil. a look at cutting edge projects that banks on natural gas and how you can trade it. but first, take a bite into apple. less than 24 hours before it reports earnings. we get the 411 on the struggling stock. much for "fast money" ahead.r ce and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local s
looks unbelievable. it's going higher. >> i want to show you a picture of president obama. he's coming out now. he'll name dennis mcdunough as his next chief of staff. let's listen in. [ applause ] >> good afternoon, everybody. welcome to the announcement of one of the worst kept secrets in washington. as president i rely on an extraordinary team of men and women at the white house every day. i rely on the chief of staff to make sure we are all moving in the same direction. making sure my priorities are being carried out and our policies are consistent with the commitments i have made to the american people and that we are dlifing progress to the american people. as i said this month, i could not be more grateful to jack lou for his amazing service first as our omb director, then at the state department and ultimately as my chief of staff. as he leaves i am pleased to announce my next chief of staff and a great friend to me and everybody who works here at the white house, mr. denis mcdonough. [ cheers and applause ] >> now it's official. denis mcdonough replacing jack lou who is being
would have presented 2% or $11 billion cut and i don't see obama care off setting all that particularly for the hospitals and doctors. one of the stocks in the avoid list is tenant health care. and i think that particular industry, that niche is very vulnerable. until let's say maybe the second half of the year when we get all of these resolved, that's something that i'm telling our clients those are the avoids. >> thanks for coming in. >> thank you. >> nice to see you. erin gibb. guys, some trades? >> financials are the place to look at. i love what we saw from regent financials this morning. goldman sack, morgan stanley, keep holding it. >>> the research in motion is soaring, it soared 150% in six months. we'll get the play as blackberry 10 gets closer to market. is the gas trade heating up? we'll find out. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. introducing the all-new 2013 lexus ls f sport. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the reward
's a great place to invest. health care is attractive. the obama administration and other factors in the united states give the united states -- about 20% of gpd s in health care. the baby-boomers are retiring, they will spend on artificial hips, knees, and have the money to do it. that will be a great area. the third area is manufacturing. there's a revolution going on in manufacturing in the united states because of low cost energy. as a result, you're seeing more in-sourcing now. manufacturing is doubling its rate of growth compared to gdp growth in the united states. attractive area. >> and you mention the debt is cheap, right? are we going to see a mini lbo boom? >> well, i suspect there will be more deals this year than last year. there weren't that many deals the last six months. interest rates will probably stay low for a year or so. bernanke is committed to keeping it low. as people realize it will go up, people will take opportunities of the low interest rate now. >> what's happening in washington from your standpoint? are you expecting a new fight around the debt ceilin
of washington. >> that really has been critical. let's stay on washington for a moment. president obama nominating mary jo white as the s.e.c. chairman. what's your take on her? >> i don't know mary jo personally. but i know her by reputation. her reputation is outstanding. she's going to come in at a very important time. there are lots of issues that have to be dead with immediately. we've enjoyed a close working relationship with chris cox and mary shapiro. >> the regulation has gotten harder for financial services. what's your take on the regulatory environment. it seems the financial services over the last couple of decades has been riding a wave of positives. deregulation, globalization. going forward economies are looking inward and regulation is only getting tougher. >> a lot of those customers you're talking about are our biggest customers, a lot of those financial institutions. as long as they are going to be facing a head wind like that, you see a cut on volume, too. they have fewer strategies they're carrying out because of all the capital charges. what i heard yesterday that
? >> there's no one person to blame. >> would you like congress to go along with everything obama wants to do? do you think that would help us? >> you know, i think many of us share the president's objectives to help people. we go about it very different ways. >> exactly. >> so -- >> you don't want to be counterproductive. 2% growth doesn't help anyone. >> right. and we can't solve the longer terl problems without significant economic growth. every 100 basis points. every 1% change in gdp over ten years is $3 trillion to $4 trillion impact on our deficit. we're not talking about any action that has a $3 trillion to $4 trillion over the next ten years. >> right. >> so you have to have that in ort to solve these problems. >> i think speeches don't help people. it's like, i think about food stamps. and we want to provide the basic level of what people need. >> right. >> but growing the number of people that need government assistance is the wrong way to do it. >> it's not sustainable. >> and there are people that want to work. people that want to take care of themselves and just being a governme
increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of months. >> it's extraordinary because if you say this is a 1.5% drag which is roughly some of the estimates i've seen lately on this and where gdp is almost in the 2.5% range that would suggest we're somewhere in the growth of 1.4%. you could understand why markets are doing better. but unfortunately the what could have or should have doesn't matter too much. if it's the opposite, it will be are reminder of how growth was in the fourth quarter. >> i think the ee zester and the tax increases will take the top off of growth. i think we would have been looking at a very good year, very strong year if not
on the street." i'm john harwood. here in washington and around the country, we saw a different barack obama in yesterday's inaugural address. up with more assertive, determined to force his policy choices through the governmental system. he tried to prepare the ground for the coming fight over deficits and debt by refuting republican arguments and casting his own as consistent with the american tradition. >> the commitments we make to each other through medicare and medicaid and social security, these things do not zap our nation, they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. >> now, the president got hopeful news a few days ago when republicans blinked on the debt ceiling increase. but there is no guarantee that they're going to extend similar cooperation on other parts of the agenda. we have to see whether or not partisan warfare actually escalates later in the year or whether we have turned a corner and the president has found a different way of dealing with republicans that's more effective. >> fascinating weeken
president obama took the oath of office for his second term. jared bernstein, former chief economist and economic policy adviser to the vice president, and senior fellow at the center on budget and policy priorities. he also is a cnbc contributor. also here is chuck gabriel, managing director at capital alpha partners. these notes that i saw from last week were the question is going to be whether the president transforms himself into a pro-growth, pro-market president. did you write that before you saw that the address, or did you see any indication that that's the way he wants to head now? >> none at all joe, unfortunately. a lot of us, me included, got caught up in the moment. it was really a great celebration of racial unity and the moment with, you know, the first black president, in his second inaugural. but, where some might have been looking for an olive branch to republicans, i think a lot of them felt that it was a stick in the eye. frankly, he may a very spirited defense of activist government and kind of continued this narrative that, republicans don't believe in social se
be going through his state. the obama administration has to weigh in, and that could take until perhaps after march, until they actually decide to do that. this is a pipeline that will take 830,000 barrels of crude oil from canada, oil sands to the texas gulf coast. but a number of analysts weighing in on what this will mean for oil prices today. we're looking at morgan stanley saying that when you look at what is happening with, not just the keystone pipeline, but pay attention to what's happening with the seaway pipeline, there's still a glut of oil from oklahoma because of what's coming from canada. that is going to maintain a level of this spread between brent and wti in the mid-teens for the first half of the year. so that's what they have to say about it. back to you. >> thank you, sharon epperson. panera bread has given competition food for thought. ron shaich on what is new at the fast-food chain, coming up next. and this morning's early movers. top of the list, intuitive surgical, up 9%. >>> shares of panera bread up 14% over the last six months. the franchise set to announce f
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